CleanSpark Shifts from Bitcoin Mining to AI Compute: A Game-Changing Move for the Future

CleanSpark's Strategic Evolution

CleanSpark, Inc. (Nasdaq: CLSK), known as America's Bitcoin Miner®, has announced a significant business evolution from being a pure-play Bitcoin miner to incorporating AI compute into its operations. This move is highlighted by the appointment of Jeffrey Thomas as Senior Vice President of AI Data Centers, bringing over four decades of global experience in emerging technologies and data center infrastructure.

Driving Expansion into AI Infrastructure

As Senior Vice President of AI Data Centers, Mr. Thomas will lead CleanSpark's strategy to expand beyond Bitcoin mining by developing and operating advanced AI data center infrastructure. This strategic shift aims to diversify the Company's revenue streams, strengthen long-term cash flow potential, and enhance its ability to serve leading technology companies worldwide.

Mr. Thomas is a globally recognized entrepreneur and executive, having led or participated in 19 ventures that created over $12 billion in shareholder value. He joins from his role as President of AI Data Centres at Humain, where he spearheaded Saudi Arabia's multi-billion AI data center program, building strategic partnerships with hyperscalers and advancing sovereign compute initiatives.

Leveraging Bitcoin Mining Expertise

CleanSpark's expansion builds on its proven, vertically integrated infrastructure-first model, leveraging large-scale Bitcoin mining expertise to unlock value across its land and power portfolio. The Company's strong track record in rapid site development positions it to capitalize on accelerating demand for digital infrastructure driven by the rise of AI and compute-intensive applications.

Leadership Insights

Matt Schultz, CleanSpark's CEO and Chairman, stated, "Jeffrey's decades of experience building and scaling digital infrastructure platforms make him an exceptional addition to our leadership team. His track record of creating billions in shareholder value and forging partnerships with world-leading technology companies will be instrumental as we expand operations and deliver diversified growth for our shareholders."

Jeffrey Thomas added, "CleanSpark is at a pivotal moment in its journey. The Company has established itself as a leader in large-scale Bitcoin mining, and I look forward to building on this foundation by expanding into next-generation digital infrastructure. Together, we have a tremendous opportunity to deliver exceptional solutions for customers while creating long-term value for shareholders and positioning CleanSpark at the center of the AI and intelligent computing revolution."

Scott Garrison, Chief Development Officer and Executive Vice President, noted, "We have identified Georgia as a strategic region for potential conversion and expansion. We recently contracted for additional power and real estate in College Park to deliver high-value compute to the greater Atlanta metro area and are evaluating giga-campus opportunities across our portfolio to meet significant off-taker demand. With Jeff on board, we are ready to rapidly scale and maximize the value of our growing power and land footprint."

About CleanSpark

CleanSpark is a market-leading data center developer with a proven track record, owning and operating a portfolio of power, land, and data centers across the United States. The Company optimizes its infrastructure to deliver superior returns by monetizing low-cost, high-reliability energy to produce compute, positioning it to prosper in an ever-changing world.

Forward-Looking Statements

This press release contains forward-looking statements regarding the Company's expectations, plans, and strategies, subject to risks and uncertainties. Factors include the success of AI site development, revenue generation from non-Bitcoin data centers, regulatory approvals, and impacts of global trade policies. The Company assumes no obligation to update these statements.

Investor Relations Contact Harry Sudock 702-989-7693 ir@cleanspark.com

Media Contact Malory Van Guilder 651.335.0585 malory@skyya.com